Carter’s, Inc. Releases 2022 Corporate Social Responsibility Report: Raise the Future

Rhea-AI Summary

Carter's releases its third annual Corporate Social Responsibility (CSR) Report, highlighting its Environmental, Social, and Governance (ESG) strategy and programs under the Raise the Future platform. The report showcases the company's commitment to sustainability, reducing carbon footprint, and supporting workers and communities.

Positive

• Carter's doubled prior year sales of its sustainable Little Planet brand, which features clothing made of mostly organic cotton. More than 70% of Carter's apparel is certified by OEKO-TEX® STANDARD 100, ensuring it is free of harmful substances. Carter's reduced its greenhouse gas emissions by 28% from a 2019 base year. The company positively impacted over 2 million lives and invested $10.5 million in charitable contributions and product donations. Carter's introduced a tuition-free degree program for employees to earn education credits online and receive educational support.

Negative

• None.

Carter’s ‘Raise the Future’ platform aims to inspire generations raising the future through initiatives impacting Environmental, Social and Governance issues

ATLANTA--(BUSINESS WIRE)-- Carter’s, Inc. (NYSE: CRI), is committed to a world where all families with young children can grow and thrive. Today, Carter’s released its third annual Corporate Social Responsibility (CSR) Report, which highlights Carter’s Environmental, Social, and Governance (ESG) strategy and programs under the Raise the Future^TM platform.

“As the largest branded marketer in North America of apparel exclusively for babies and young children, Carter’s seeks to inspire the generations raising the future and serve the needs of all families with young children. Focused on our purpose and mission, we continue to make important advancements to further our progress surrounding our ESG objectives. In our annual CSR Report, we reaffirm our commitment to transparency and demonstrate our progress on our commitments to provide consumers with more sustainable products, reduce our carbon footprint, and uplift our workers and communities,” said Antonio Robinson, Senior Vice President, General Counsel, Corporate Secretary, CSR, and Chief Compliance Officer.

Carter’s 2022 Raise the Future CSR Report demonstrates the Company's dedication to supporting all families with young children across three strategic pillars: Product, Planet, and People. We note a few key highlights:

• Product: Grow our sustainable offerings
  • In 2022, Carter’s doubled prior year sales of its Little Planet brand, which is focused on sustainable innovation and features clothing made of mostly organic cotton.
  • More than 70% of Carter’s apparel is certified by OEKO-TEX® STANDARD 100, ensuring that it is tested and free of certain harmful substances.

• Planet: Reduce our carbon footprint
  • Carter’s Scopes 1 and 2 greenhouse gas emissions decreased in 2022 by 28% from a 2019 base year.

• People: Uplift our workers and communities
  • Community: In 2022, Carter’s positively impacted more than 2 million lives, investing $10.5 million in charitable contributions and product donations.
  • Career Development: Carter’s introduced a tuition-free degree program so employees can earn education credits online, develop proficiency in English, and receive educational support from experienced coaches.

To view and download the latest Raise the Future CSR Report, which has been prepared in accordance with the Sustainability Accounting Standards Board (SASB), the Task Force on Climate-related Financial Disclosures (TCFD), and the Global Reporting Initiative (GRI) frameworks, please visit esg.carters.com.

About Carter’s, Inc.

Carter’s, Inc. is the largest branded marketer in North America of apparel exclusively for babies and young children. The Company owns the Carter’s and OshKosh B’gosh brands, two of the most recognized brands in the marketplace. These brands are sold in leading department stores, national chains, and specialty retailers domestically and internationally. They are also sold through nearly 1,000 Company-operated stores in the United States, Canada, and Mexico and online at www.carters.com, www.oshkosh.com, www.cartersoshkosh.ca, and www.carters.com.mx. The Company’s Child of Mine brand is available at Walmart, its Just One You brand is available at Target, and its Simple Joys brand is available on Amazon. The Company also owns Little Planet, a brand focused on organic fabrics and sustainable materials, and Skip Hop, a global lifestyle brand for families with young children. Carter’s, Inc. is headquartered in Atlanta, Georgia. Additional information may be found at www.carters.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230626895110/en/

Lindsay Rider

Senior Director, Public Affairs

Lindsay.Rider@carters.com

Source: Carter’s, Inc.

FAQ

What is Carter's Raise the Future platform?

Carter's Raise the Future platform aims to inspire generations raising the future through initiatives impacting Environmental, Social, and Governance issues.

What are the strategic pillars of Carter's CSR efforts?

Carter's CSR efforts are focused on three strategic pillars: Product, Planet, and People.

What is the Little Planet brand?

The Little Planet brand is Carter's sustainable brand that features clothing made of mostly organic cotton.

What percentage of Carter's apparel is certified by OEKO-TEX® STANDARD 100?

More than 70% of Carter's apparel is certified by OEKO-TEX® STANDARD 100, ensuring it is free of harmful substances.

How much did Carter's reduce its greenhouse gas emissions by?

Carter's reduced its greenhouse gas emissions by 28% from a 2019 base year.

How many lives did Carter's positively impact in 2022?

Carter's positively impacted over 2 million lives in 2022.

How much did Carter's invest in charitable contributions and product donations?

Carter's invested $10.5 million in charitable contributions and product donations.

What is the tuition-free degree program introduced by Carter's?

Carter's introduced a tuition-free degree program for employees to earn education credits online and receive educational support.